Business Today: Stock futures drop after ECB decision

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Good Morning Robert, THU 06 May 2010 
 
Stock futures drop after ECB decision
Greece to back austerity, anxious markets eye ECB
Early April retail sales disappoint
Geithner says can't take all risks out of banking
Congress probing J&J Children's Tylenol recall
Bailed out homebuilders collect fat paychecks
Blankfein: Goldman must recognize doubters
SEC looks at Berkshire disclosure on Burlington: report
Fed's Rosengren: Ultra-low rates still needed
Monster U.S. online jobs index up 3rd straight month


Stock futures drop after ECB decision
May 06, 2010 08:24 AM ET
NEW YORK (Reuters) - U.S. stock index futures fell on Thursday after the European Central Bank left monetary policy unchanged, disappointing investors looking to the ECB to prevent a debt crisis from engulfing the euro zone.

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Greece to back austerity, anxious markets eye ECB
May 06, 2010 08:07 AM ET
ATHENS/LONDON (Reuters) - The Greek parliament prepared to adopt a harsh austerity plan on Thursday in the face of violent unrest, as markets looked to the European Central Bank to prevent a debt crisis engulfing the euro zone.

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Early April retail sales disappoint
May 06, 2010 08:09 AM ET
NEW YORK (Reuters) - U.S. retailers including discounter Costco Wholesale and teen chain Zumiez posted slightly disappointing April same-store sales, and the early report suggested Wall Street's hopes for a consumer rebound may be getting ahead of the pace of recovery.

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Geithner says can't take all risks out of banking
May 06, 2010 06:06 AM ET
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Thursday that banks must be able to engage in some risk-taking to help their customers and it would be a mistake to remove their ability to do so.

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Congress probing J&J Children's Tylenol recall
May 06, 2010 07:56 AM ET
NEW YORK (Reuters) - A U.S. congressional committee is investigating Johnson & Johnson's recent recall of Children's Tylenol and other over-the-counter pediatric medicines.

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Bailed out homebuilders collect fat paychecks
May 06, 2010 08:20 AM ET
NEW YORK (Reuters) - No one rode the U.S. housing bubble higher than the company that calls itself "America's Builder," D.R. Horton Inc .

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Blankfein: Goldman must recognize doubters
May 05, 2010 10:07 PM ET
NEW YORK/WASHINGTON (Reuters) - Goldman Sachs Group Inc Chief Executive Lloyd Blankfein took responsibility for the bank's conduct during the financial crisis on a call with wealthy clients on Wednesday.

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SEC looks at Berkshire disclosure on Burlington: report
May 05, 2010 09:44 PM ET
NEW YORK (Reuters) - The Securities and Exchange Commission is looking into disclosures made by billionaire investors Warren Buffett's Berkshire Hathaway Inc as it sought to purchase Burlington Northern Santa Fe Corp, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

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Fed's Rosengren: Ultra-low rates still needed
May 05, 2010 08:29 PM ET
NEW YORK (Reuters) - The economy is showing signs of improvement but the recovery still has a long way to go and ultra-low interest rates are still needed, a top Federal Reserve official said on Wednesday.

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Monster U.S. online jobs index up 3rd straight month
May 06, 2010 12:32 AM ET
NEW YORK (Reuters) - A gauge of online demand for labor in the United States rose in April for a third straight month and posted its largest year-on-year percentage gain since July 2007, a private research group said on Thursday.

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